Page 42 - Insurance

Insurance sector: A snapshot of growth, new products and grey areas

At 3.44%, the penetration figure is the second lowest since 2005-06

Insurance IPOs: Theme for 2017

With at least three IPOs in offing this year, stock market investors have a lot to look forward to

Insured should seek surveyor's report, claim penalty for delays

Inform the insurer about the damage within two to three days

Insurance regulator mulls segmented balance sheets

The regulator's concern is that current premiums in group health segment are not justified

Employees ready to pay for insurance facilitated by employer

Insurance provided by employer offers better coverage, claim recovery and cost efficiency

Communities plagued by uninsurance suffer from breakdowns in trust

Whether we like it or not, health insurance affects our lives in significant ways

Two years on, securities tribunal still lukewarm to insurance

Appellate body SAT passes few insurance orders after sector brought under its purview

Non-life insurers' premium income grows over 25% to Rs 9,760 cr in December

Public general insurers last month was Rs 4,984.88 crore up 17% from Rs 4,253.25 crore

Cabinet clears proposal for listing 5 public sector general insurers

The government's holdings in these companies will be brought down to 75% from 100%, Jaitley said

Tipping Point

The hiking of the premium that the insurer does to cover risks is referred to as loading

14-day window only: Transfer insurance immediately when buying old vehicles

If not done within 14 days, the insurer can reject vehicle damage claims arising in the future

Your money: Insurance gets e-commerce boost

Irdai's push will make insurance cheaper for consumers and enable a consolidated view of all policies

Insurance firms, banks rush to invest in small finance banks

At Ujjivan, insurance companies hold 9.75% stake as on September 30, 201

Of 24 life insurers, only 19 post profits in FY16: IRDAI

The report further said the total net profit of non-life insurance industry dropped to Rs 3,238 crore as against Rs 4,639 crore in 2014-15

Proceeds from policy bought abroad are not taxable

While the Income Tax Act defines 'insurer' as an Indian insurance company, the section dealing with the exemption of maturity proceeds, does not specify any such condition

Guaranteed returns in products could see impact of falling interest rates: Milliman

In a falling interest rate scenario, insurers may lower future bonuses on participating products

Renew lapsed policy faster through self-inspection

Customers must shoot a video of their vehicle through the insurer's mobile app, and in a particular sequence

Total premium of insurance industry to reach Rs 26 trillion by 2020: CII-KPMG report

The report said that the country is yet to traverse the path of insurance distribution through the extensive use of digital channels

Insurers ask ministry for motor third party claim filing

Since losses in motor insurance have continued to rise, non-life insurers sought relief from ministry

Insurance may fall under 12% tax slab in new tax regime

At present, apart from the 14% service tax, Krishi Kalyan cess & Swachh Bharat cess are also applicable, taking the total service tax applicable on insurance products to 15%